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Tutorial Five: Taxes and insurance PDF Print E-mail

In the previous four tutorials, you assessed your current financial situation, set some financial goals, talked about ways to meet those goals (including saving, budgeting, and financial management techniques), and discussed borrowing options. Now we are going to discuss two financial topics-taxes and insureance, which in some ways are outside of basic personal finance, and in some ways are at the very heart of the matter.

This tutorial will give you an overview of the different types of insurance, and the importance of protecting your assets. Basic tax information for low-income working families will also be provided, including the Earned Income Credit and the Child Tax Credit.

Many tutorials are accompanied by worksheets that can be read with Acrobat Reader. These worksheets will appear as links directly under the page title. Please print them in order to complete each section. If your computer does not already have this free software, you may want to download it before beginning.

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CEI IN THE NEWS!
CEI’s Policy Directions for Maine highlights policy issues that we believe the next administration and legislature should address.  These issues were selected based on our current work and our extensive experience as a community economic development practitioner for almost 35 years.  

CEI partners in the “Cod Academy”. CEI is helping to organize a free cod farming course for large boat fishermen from Maine’s two easternmost coastal counties, Hancock and Washington.Image Read more here.

CEI Investment Notes are a way for you to invest in your community, to help others, and to reap social, environmental and economic benefits. Details here.

U.S. Finance Expert Encourages Banking Investment in Maine Communities
At CEI's 32nd Annual Meeting, Ellen Seidman, Exec. VP of ShoreBank in Chicago, and Sr. Research Fellow with the New America Foundation in Washington, DC, urged Maine bankers and community activists to consider “greater community investment…meeting the actual needs of the community, not just counting dollars invested.” See full speech.

See annual meeting remarks by Ron Phillips, CEO, on triple bottom line investing and the next 5 years for CEI.

See the 12/14/09 article on CEI and the state of investing in communities. It’s where mission happens…

CEI Receives $125 Million in NMTC  Through its subsidiary, CEI Capital Management LLC, CEI will use the allocation to attract private capital investments for primarily rural economic development projects. See press release.

CEI Receives Investment Funds
In partnership with Manufacturers Association of Maine, CEI will receive $765,000 over from the Federal Department of Health and Human Services, Office of Community Services (OCS), to finance several job-generating small-to-medium enterprises. This funding will create 78 full-time, year-round jobs.  Read press release here. 

Bangor Savings Bank and CEI offer low-interest loans to small and medium-sized enterprises in disadvantaged areas in Maine. Read more here.

CEI Investment Notes, Inc.
36 Water Street, PO Box 268, Wiscasset, ME 04578; Telephone: 207/882-7552; FAX: 207/882-7308; E-mail: cei@ceimaine.org